A whale has cleared out 14,387 ETH in the past 3 days, potentially incurring a loss of $12.55 million.

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ODAILY
08-08
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According to Odaily Odaily, on-chain analyst Ember monitored that a whale liquidated 14,387 ETH (worth about $34.48 million) in the past three days, losing $12.55 million. The whale withdrew 14,384 ETH (about $47.33 million) from Binance at an average price of $3,290 from 6/22 to 8/4 and deposited it in Lido for staking. Then the market plummeted on 8/5, which may have made him lose confidence, and he began to redeem ETH from Lido in batches and transfer it back to Binance on the evening of 8/5. An hour ago, the last 5,000 ETH was transferred to Binance. Withdrawing from Binance at an average price of $3,290 and then transferring it to Binance at an average price of $2,417, the whale may have lost $12.55 million (-26.5%) on this ETH investment.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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